Uniess it has an aftermarket cover with a drain plug the only way is to remove the cover on the rear of the housing. (can be messy)
No, it will not.
Motorcraft MERCON automatic transmission fluid is used for the power steering fluid in a 2001 Ford Mustang according to the Owner Guide
With a manual transmission, it is on the passenger side of the transmission case. There are two 3/8 square plugs. One is the drain and one is the fill. With an automatic, there is no drain. You have to remove the pan.
According to the 2003 Ford Mustang Owner Guide : ( DOT 3 brake fluid meeting Ford specification ESA-M6C25-A )
drain the fuel
The 1987 Ford Mustang came with a T-5 five-speed manual or optional automatic transmission.
Should drop right in...same engine.
The dipstick cover is labeled Transmission Fluid. Transmission fluid on a 2000 Ford Mustang is added in the neck of the dipstick tube after the dipstick has been removed.
According to the 2003 Ford Mustang Owner Guide : ( DOT 3 brake fluid meeting Ford specification ESA-M6C25-A )
The recommended automatic transmission fluid for the 2005-2007 Mustang is Mercon V automatic transmission fluid
According to the 1997 Ford Mustang Owner Guide : ( DOT 3 brake fluid , meeting Ford specification ESA-M6C25-A )
THere is no dipstick on a 2005-2007 Mustang since Ford considereds the transmission sealed it wont need fluid added unless it has a leak or you are changing the fluid.